Report Scope:
During the last few years, significant improvements have been made in diagnosing ophthalmic conditions such as glaucoma, macular degeneration, and other retinal disorders. The market has been fueled by favorable reimbursement of ocular devices and surgery in the U.S. and more excellent healthcare insurance coverage in Europe. Advancements in cataract and refractory surgery devices have improved the safety and efficacy of routine procedures, enhanced surgical outcomes, and reduced perioperative morbidity.
The current report provides detailed information about the ophthalmic devices-global market. This report highlights this medical equipment's current and future market potential and a detailed analysis of the market's drivers, challenges, and opportunities. Revenues are broken down by region, type, and application. For market estimates, data has been provided for 2019, 2020, and 2021 (as the base year), 2022, and a forecast for 2027. The report also covers market share for major market players. It includes the company profiles of the major players with detailed information about their business segments, financials, product portfolios, recent developments, and pipeline products. It also provides the impact of the COVID-19 pandemic on this market.
This report on ophthalmic devices provides a brief description of the current status of the industry and recent developments. The report analyzes the market trends and identifies critical medical and geographical challenges and rising opportunities in the developed and developing world. Finally, it will provide insights regarding new developments in ophthalmic and surgical devices that help to improve diagnosis and enhance the treatment of cataracts, glaucoma, and refractory and retinal disorders.
Report Includes:
- 50 data tables and 13 additional tables
- A detailed overview and up-to-date analysis of the global markets for ophthalmic devices and related technologies
- Analyses of the global and regional market trends, with data for 2019-2022, and projections of compound annual growth rates (CAGRs) through 2027
- Discussion of the industry growth driving factors and challenges that will shape the market for ophthalmic devices as a basis for projecting demand over the next few years (2022-2027)
- Estimation of the actual market size and revenue forecast for global ophthalmic devices market in USD millions, and corresponding market share analysis by technology type, application, and region
- Analysis of the recent advances in contact lenses, cataract surgery, implantation ophthalmic devices, and complex medical surgeries; and their potential impact on diagnosis of prevalent eye conditions and improved healthcare solutions
- In-depth information (facts and figures) concerning major market dynamics, technology updates, latest developments, industry regulations, and other macroeconomic forces affecting the present and future market outlook
- Assessment of the recent industry structure, ongoing research activities, analysis of competitive environment, and COVID-19 effects on the ophthalmic devices market ecosystem
- Patent review and analysis of patent grants on ophthalmic device technologies
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the market leading players, including EssilorLuxottica, Alcon, Bausch & Lomb, Carl Zeiss Meditec, CooperVision, Johnson & Johnson, Nidek, Topcon Corp., and Hoya Vision Care
Summary:
In recent years there have been significant advances in the development of ophthalmic devices and surgical procedures that have helped to improve diagnosis and treatment of a broad range of ophthalmic conditions, including cataracts, glaucoma, refractory and retinal disorders.
The global market for ophthalmology devices reached $REDACTED billion in 2021. This market is estimated toreach $REDACTED billion in 2027 up from $REDACTED billion in 2022 at a compound annual growth rate (CAGR) of REDACTED% from 2022 to 2027. The growth is being driven by the launch of new biocompatible materials,improvements in clinical optics and the launch of high-end surgical devices. Advancements in cataractand refractory surgery devices have also resulted in the improved safety and efficacy of routineprocedures, helping to improve surgical outcomes, reduce perioperative morbidity and increase thenumber of patients willing to undergo surgery.
In 2021, North America represented the largest market of ophthalmology device sales, accounting for REDACTED% of global revenues, followed by Asia-Pacific with REDACTED% and Europe with REDACTED%. The global ophthalmology device market is being driven by patient demographics such as the rising incidence of diabetes and obesity and the increasing geriatric population, which is increasing the number of patients with conditions such as age-related macular degeneration, cataracts, diabetic retinopathy and glaucoma, and helping to expand the addressable patient population in need of ophthalmic devices. Inaddition, market growth is being aided by growing awareness and early detection
and monitoring of ocular disease, the rise in adoption of minimally invasive surgeries in Asia-Pacific, greater healthcare insurance coverage in Europe and positive reimbursement of ocular devices and surgical procedures inthe United States.
In 2021, the ophthalmology device market was composed of several segments: vision care contact lenses (REDACTED%), intraocular lenses (IOLs) and other cataract surgery products (REDACTED%), diagnostic andimaging devices (REDACTED%) and other surgery devices (REDACTED%). The market is dominated by a few players: EssilorLuxottica, Alcon, Bausch & Lomb, Carl Zeiss Meditec, CooperVision, Johnson & Johnson, Nidek,Topcon Corp. and Hoya Vision Care. Innovative new companies such as EyeKon Medical, Glaukos Corp.,Optos and others, are gradually making headway in the market. Within the market, EssilorLuxottica is the dominant player, with its sales accounting for REDACTED% of the
entire market.
The contact lens and eyeglasses market accounts for more than half of global sales, generating $REDACTED billion in 2021. This market is estimated to reach around $REDACTED billion in 2027 from $REDACTED billion in 2021 at a CAGR of REDACTED% for 2022 through 2027. The market is dominated by Essilor Luxottica. Growth in this market has been driven by the innovations in eyeglasses and biocompatible materials encompassingsilicone hydrogels, hydrogels and newly emerging hybrid materials, all of which are designed to improve contact lens safety and comfort.
Ophthalmic Devices: Technologies and Global Markets
Table of Contents
Chapter 1 Introduction
1.1 Study Goals and Objectives
1.2 Reasons for Doing This Study
1.3 Scope of Report
1.4 What's New in this Report?
1.5 Research Methodology
1.6 Information Sources
1.7 Geographic Breakdown
1.8 Analyst's Credentials
1.9 BCC Custom Research
1.10 Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Eye Conditions
3.1 Addressable Population: Common Eye Conditions
3.1.1 Age-Related Macular Degeneration
3.1.2 Cataracts
3.1.3 Diabetic Retinopathy
3.1.4 Glaucoma
3.1.5 Refractive Disorders
Chapter 4 Market Dynamics
4.1 Factors Affecting Ophthalmic Device Global Market
4.2 Market Drivers
4.2.1 Aging Population with Growing Eye Care Needs
4.2.2 Technological Advancements
4.2.3 Increasing Government Initiatives
4.2.4 Increasing Wealth and Growth from Emerging Economics
4.2.5 Increasing Prevalence of Vision Impairment
4.3 Market Barriers
4.3.1 High Cost and Risk Associated with Eye Surgery
4.3.2 Lack of Skilled Professionals
4.3.3 Accessibility, Acceptability
4.4 Market Opportunities
4.4.1 Growing Aging Population and Rising Demand for Vision Care
4.4.2 Use of Mobile-Based and Artificial Intelligence Technologies
4.5 Impact of COVID-19 on Global Market for Ophthalmic Devices
4.6 Impact of COVID-19 on Eyes
Chapter 5 Market Breakdown by Technology Type
5.1 Global Market by Segment
5.1.1 Contact Lenses and Eyeglasses
5.1.2 Cataract Surgery Products
5.1.3 Other Ophthalmic Surgical Devices
5.1.4 Ophthalmology Diagnostic and Imaging
Chapter 6 Recent Advances in Contact Lenses and Eyeglasses
6.1 Introduction
6.2 Developments in Contact Lens and Eyeglass Materials
6.3 Recent Product Introductions
6.4 Contact Lens and Eyeglass Market Forecast
Chapter 7 Recent Advances in Cataract Surgery
7.1 Introduction
7.2 Intraocular Lenses
7.3 Cataract Surgery Products
7.3.1 Femtosecond Laser-Assisted Cataract Surgery
7.4 Recent Product Introductions
7.4.1 Femtosecond Lasers
7.5 Cataract Surgery Product Market Forecast
Chapter 8 Recent Advances in Other Types of Ophthalmic Surgeries
8.1 Introduction to Other Types of Ophthalmic Surgeries
8.1.1 Age-Related Macular Degeneration Surgery Devices
8.1.2 Surgical Devices for Dry Eye Syndrome
8.1.3 Macular Edema Surgery Devices
8.1.4 Glaucoma Surgery Devices
8.1.5 Refractive Surgery
8.1.6 Vitreoretinal Surgery Devices
8.1.7 Other Ophthalmic Surgery Devices and Accessories
8.2 New Product Launches
8.3 Market Forecast for Other Types of Ophthalmic Surgeries
Chapter 9 Recent Advances in Diagnostics and Imaging Products
9.1 Introduction
9.1.1 Corneal and Anterior Segment Imaging
9.1.2 Retinal Imaging
9.1.3 Angiography
9.2 Recent Product Launches
9.2.1 Diagnostic and Imaging Market Forecast
Chapter 10 Market Breakdown by Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 Russia
10.3.3 United Kingdom
10.3.4 France
10.3.5 Italy
10.3.6 Spain
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Australia
10.4.5 Korea
10.4.6 Rest of Asia-Pacific
10.5 Rest of the World
10.5.1 Market Size and Forecast
Chapter 11 Recent Mergers and Acquisitions in Ophthalmology
11.1 Mergers, Acquisitions, and Collaborations
11.2 Pipeline Products
11.3 Ophthalmic Device Companies: Market Shares
Chapter 12 Company Profiles
ALCON
BAUSCH + LOMB INC.
BIO-TISSUE INC.
COOPERVISION
DUTCH OPHTHALMIC RESEARCH CENTER INTERNATIONAL BV
ELLEX MEDICAL LASERS
ESSILORLUXOTTICA
EYENUK INC.
GLAUKOS
HEIDELBERG ENGINEERING GMBH
HOYA CORP.
IOPTIMA LTD.
IRIDEX CORP.
JOHNSON & JOHNSON
LENSTEC INC.
LUMENIS
NIDEK CO. LTD.
OASIS MEDICAL INC.
QUANTEL MEDICAL
SAV-IOL SA
SHANGHAI HAOHAI BIOLOGICAL TECHNOLOGY CO. LTD.
SIGHT SCIENCES INC.
SOFTCARE SOLUTION INC.
STAAR SURGICAL
TEARSCIENCE INC.
TOPCON
VASOPTIC MEDICAL INC.
ZEISS GROUP
ZIEMER OPHTHALMIC SYSTEMS AG
Chapter 13 Appendix
Acronyms
Sources
Websites
List of Tables
Summary Table A : Global Market for Ophthalmic Devices, by Region, Through 2027
Summary Table B : Global Market for Ophthalmic Devices, by Type, Through 2027
Table 1 : Prevalence of Age-Related Macular Degeneration in the United States, 2000-2050
Table 2 : Prevalence of Cataracts in the United States, 2000-2050
Table 3 : Number of People (20 to 79 Years of Age) with Diabetes Worldwide, by Region, 2021 and 2045
Table 4 : Prevalence of Glaucoma in the U.S., 2000-2050
Table 5 : Global Market for Ophthalmology Devices, by Segment, Through 2027
Table 6 : Global Market for Contact Lenses and Eyeglasses, by Region, Through 2027
Table 7 : Global Market for Cataract Surgery Products, by Region, Through 2027
Table 8 : Global Market for Other Ophthalmic Surgical Devices, by Region, Through 2027
Table 9 : Global Market for Ophthalmic Diagnostics and Imaging Products, by Region, Through 2027
Table 10 : Global Market for Contact Lenses and Eyeglasses, by Type, Through 2027
Table 11 : Global Market for Eyeglasses, by Type, Through 2027
Table 12 : Global Market for Contact Lenses, by Application, Through 2027
Table 13 : Global Market for Contact Lenses, by Product Design, Through 2027
Table 14 : Global Market for Contact Lenses, by Product Material, Through 2027
Table 15 : Global Market for Cataract Surgery Products, by Product Type, Through 2027
Table 16 : Global Market for Other Types of Ophthalmic Surgery Devices, by Product Type, Through 2027
Table 17 : Global Market for Diagnostics and Imaging Devices, by Product Type, Through 2027
Table 18 : Global Market for Ophthalmic Devices, by Region, Through 2027
Table 19 : North American Market for Ophthalmic Devices, by Country, Through 2027
Table 20 : U.S. Market for Ophthalmic Devices, by Product Type, Through 2027
Table 21 : Canadian Market for Ophthalmic Devices, by Product Type, Through 2027
Table 22 : European Market for Ophthalmic Devices, by Country, Through 2027
Table 23 : German Market for Ophthalmic Devices, by Product Type, Through 2027
Table 24 : Russian Market for Ophthalmic Devices, by Product Type, Through 2027
Table 25 : U.K. Market for Ophthalmic Devices, by Product Type, Through 2027
Table 26 : French Market for Ophthalmic Devices, by Product Type, Through 2027
Table 27 : Italian Market for Ophthalmic Devices, by Product Type, Through 2027
Table 28 : Spanish Market for Ophthalmic Devices, by Product Type, Through 2027
Table 29 : Rest of the European Market for Ophthalmic Devices, by Product Type, Through 2027
Table 30 : Asia-Pacific Market for Ophthalmic Devices, by Country, Through 2027
Table 31 : Chinese Market for Ophthalmic Devices, by Product Type, Through 2027
Table 32 : Indian Market for Ophthalmic Devices, by Product Type, Through 2027
Table 33 : Japanese Market for Ophthalmic Devices, by Product Type, Through 2027
Table 34 : Australian Market for Ophthalmic Devices, by Product Type, Through 2027
Table 35 : Korean Market for Ophthalmic Devices, by Product Type, Through 2027
Table 36 : Rest of Asia-Pacific Market for Ophthalmic Devices, by Product Type, Through 2027
Table 37 : Rest of the World Market for Ophthalmic Devices, by Product Type, Through 2027
Table 38 : Recent M&A Activity in Ophthalmology Imaging Devices, 2018-2022
Table 39 : Milestones and Products in Pipeline for Ophthalmic Imaging Devices Market
Table 40 : Alcon: Business Segments
Table 41 : Alcon: Financial Performance, 2019-2021
Table 42 : Bausch + Lomb Inc.: Business Segments
Table 43 : Bausch + Lomb: Financial Performance, 2019-2021
Table 44 : CooperVision: Financial Performance, 2019-2021
Table 45 : EssilorLuxottica: Financial Performance, 2019-2021
Table 46 : Glaukos Corp.: Business Segments
Table 47 : Glaukos Corp.: Financial Performance, 2019-2021
Table 48 : Hoya Corp.: Business Segments
Table 49 : Hoya Corp.: Financial Performance, 2019-2021
Table 50 : Johnson & Johnson: Business Segments
Table 51 : Johnson & Johnson: Financial Performance, 2019-2021
Table 52 : Nidek Co. Ltd.: Business Segments
Table 53 : Nidek Co. Ltd.: Financial Performance, 2019-2021
Table 54 : Staar Surgical Co.: Financial Performance, 2019-2021
Table 55 : Topcon: Business Segments
Table 56 : Topcon: Financial Performance, 2019-2021
Table 57 : Zeiss Group: Business Segments
Table 58 : Zeiss Group: Financial Performance, 2019-2021
Table 59 : Acronyms Used in This Report
Table 60 : Report Sources
Table 61 : Report Weblinks
List of Figures
Summary Figure A : Global Market for Ophthalmic Devices, by Region, 2019-2027
Summary Figure B : Global Market for Ophthalmic Devices, by Type, 2019-2027
Figure 1 : Structure of the Eye
Figure 2 : Prevalence of Eye Conditions and Diseases Treated by Ophthalmologists
Figure 3 : Prevalence of Age-Related Macular Degeneration in the United States, 2000-2050
Figure 4 : Prevalence of Cataracts in the United States, 2000-2050
Figure 5 : Prevalence of Glaucoma in the U.S., 2000-2050
Figure 6 : Global Aging (65 and Over) Population, by Region, 2019 and 2050
Figure 7 : Comparison of GDP Growth, Globally, 2022 and 2023
Figure 8 : Global Market for Ophthalmology Devices, by Segment, 2019-2027
Figure 9 : Global Market for Contact Lenses and Eyeglasses, by Region, 2019-2027
Figure 10 : Global Market for Cataract Surgery Products, by Region, 2019-2027
Figure 11 : Global Market for Other Ophthalmic Surgical Devices, by Region, 2019-2027
Figure 12 : Global Market for Ophthalmic Diagnostics and Imaging Products, by Region, 2019-2027
Figure 13 : Global Market for Contact Lenses and Eyeglasses, by Type, 2019-2027
Figure 14 : Global Market for Eyeglasses, by Type, 2019-2027
Figure 15 : Global Market for Contact Lenses, by Application, 2019-2027
Figure 16 : Global Market for Contact Lenses, by Product Design, by Type, 2019-2027
Figure 17 : Global Market for Contact Lenses, by Product Material, 2019-2027
Figure 18 : Global Market for Cataract Surgery Products, by Product Type, 2019-2027
Figure 19 : Global Market for Other Types of Ophthalmic Surgery Devices, by Product Type, 2019-2027
Figure 20 : Global Market for Ophthalmic Devices, by Region, 2019-2027
Figure 21 : Global Market Shares of Ophthalmic Devices, by Region, 2021
Figure 22 : North American Market for Ophthalmic Devices, 2019-2027
Figure 23 : U.S. Market for Ophthalmic Devices, 2019-2027
Figure 24 : Canadian Market for Ophthalmic Devices, 2019-2027
Figure 25 : European Market for Ophthalmic Devices, by Country, 2019-2027
Figure 26 : German Market for Ophthalmic Devices, 2019-2027
Figure 27 : Russian Market for Ophthalmic Devices, 2019-2027
Figure 28 : U.K. Market for Ophthalmic Devices, 2019-2027
Figure 29 : French Market for Ophthalmic Devices, 2019-2027
Figure 30 : Italian Market for Ophthalmic Devices, 2019-2027
Figure 31 : Spanish Market for Ophthalmic Devices, 2019-2027
Figure 32 : Rest of the European Market for Ophthalmic Devices, 2019-2027
Figure 33 : Asia-Pacific Market for Ophthalmic Devices, by Country, 2019-2027
Figure 34 : Chinese Market for Ophthalmic Devices, 2019-2027
Figure 35 : Indian Market for Ophthalmic Devices, 2019-2027
Figure 36 : Japanese Market for Ophthalmic Devices, 2019-2027
Figure 37 : Australian Market for Ophthalmic Devices, 2019-2027
Figure 38 : Korean Market for Ophthalmic Devices, 2019-2027
Figure 39 : Rest of Asia-Pacific Market for Ophthalmic Devices, 2019-2027
Figure 40 : Rest of the World Market for Ophthalmic Devices, 2019-2027
Figure 41 : Global Market Shares of Ophthalmic Devices, by Key Manufacturers and Suppliers, 2021
Figure 42 : Alcon: Annual Revenue, 2019-2021
Figure 43 : Alcon: Revenue Share, by Business Segment, 2021
Figure 44 : Alcon: Revenue Share, by Region, 2021
Figure 45 : Bausch + Lomb: Annual Revenue, 2019-2021
Figure 46 : Bausch + Lomb: Revenue Share, by Business Segment, 2021
Figure 47 : Bausch + Lomb: Revenue Share, by Region, 2021
Figure 48 : CooperVision: Annual Revenue, 2019-2021
Figure 49 : CooperVision: Revenue Share, by Business Segment, 2021
Figure 50 : CooperVision: Revenue Share, by Region, 2021
Figure 51 : EssilorLuxottica: Annual Revenue, 2019-2021
Figure 52 : EssilorLuxottica: Revenue Share, by Business Segment, 2021
Figure 53 : EssilorLuxottica: Revenue Share, by Region, 2021
Figure 54 : Glaukos Corp.: Annual Revenue, 2019-2021
Figure 55 : Glaukos Corp.: Revenue Share, by Business Segment, 2021
Figure 56 : Glaukos Corp.: Revenue Share, by Region, 2021
Figure 57 : Hoya Corp.: Annual Revenue, 2019-2021
Figure 58 : Hoya Corp.: Revenue Share, by Business Segment, 2021
Figure 59 : Hoya Corp.: Revenue Share, by Region, 2021
Figure 60 : Johnson & Johnson, Annual Revenue, 2019-2021
Figure 61 : Johnson & Johnson: Revenue Share, by Business Segment, 2021
Figure 62 : Johnson & Johnson: Revenue Share, by Region, 2021
Figure 63 : Nidek Co. Ltd.: Annual Revenue, 2019-2021
Figure 64 : Nidek Co. Ltd.: Revenue Share, by Business Segment, 2021
Figure 65 : Nidek Co. Ltd.: Revenue Share, by Region, 2021
Figure 66 : Star Surgical Co.: Annual Revenue, 2019-2021
Figure 67 : Star Surgical Co.: Revenue Share, by Business Segment, 2021
Figure 68 : Star Surgical Co.: Revenue Share, by Region, 2021
Figure 69 : Topcon: Annual Revenue, 2019-2021
Figure 70 : Topcon: Revenue Share, by Business Segment, 2021
Figure 71 : Topcon: Revenue Share, by Region, 2021
Figure 72 : Zeiss Group: Annual Revenue, 2019-2021
Figure 73 : Zeiss Group: Revenue Share, by Business Segment, 2021
Figure 74 : Zeiss Group: Revenue Share, by Region, 2021
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